Top
Startup looking to invest $150 mln in carbon offsetting projects in India, Sri Lanka
A Chennai-based developer is planning to invest $150 million in several carbon offset projects in India and Sri Lanka within the next 12-18 months, it announced at a conference this week. Read MoreTop
Singaporean tech firm teams up with Japanese biofuel developer on sorghum carbon projects
A Singapore-based tech company has partnered with a Japanese biofuel developer to create agriculture-based carbon credits from sorghum production. Read MoreTop
Indonesia looks to incorporate blue carbon in second NDC, ministry official says
Indonesia has begun preparing its second Nationally Determined Contribution (NDC) to submit to UNFCCC, the government announced in a press conference this week, adding that it would seek to incorporate the marine sector, with a focus on managing coastal and marine ecosystems. Read MoreTop
Clean heat rollout should take priority in European Commission's next term -report
Clean heating should become a political priority for the next European legislative cycle, starting work next autumn, according to a report published on Thursday. Read MoreTop
Canadian insurance subsidiary piles C$6 mln into nature-based removals, conservation
A Candian subsidiary of a UK insurance multinational has provided C$6 million ($4.4 mln) to a non-profit towards the development of nature-based carbon projects and conservation efforts, it announced Wednesday. Read MoreTop
EU Parliament accepts farm policy U-turn undoing nature protection
The European Parliament gave its green light on Wednesday to review the EU's agriculture rules, in a dramatic political U-turn that will weaken requirements for climate action and nature protection. Read MoreTop
US DOE invests $23 mln in CCS for enhanced oil recovery
The US Department of Energy (DOE) on Wednesday announced funding worth over $23 million for two projects that will assess the feasibility of carbon capture and storage (CSS) for enhanced oil recovery (EOR). Read MoreTop
After setback, Verra still mulling how to achieve Phase 1 CORSIA eligibility
Verra has yet to decide the best way to achieve full eligibility under Phase 1 of CORSIA, the standards body revealed Wednesday, a month after it was denied full approval under the UN's aviation emissions offsetting scheme. Read MoreTop
BRIEFING: New demand, de-risking to scale voluntary carbon market, says industry
New voluntary carbon market (VCM) demand drivers and increasingly mature de-risking measures are poised to scale the VCM but need more traction, according to a panel of industry experts speaking Wednesday. Read MoreTop
Euro Markets: EUAs claw back early losses in energy-fuelled rally as COT shows larger cut in fund shorts
European carbon prices fluctuated in a €2.70 range on Wednesday after relatively rangebound trading on Tuesday as prices moved in sync with swings in energy markets, while the publication of weekly Commitment of Traders data that showed the biggest reduction in investment funds' bearish bets in a month failed to generate a significant response from the market. Read MoreTop
EU lawmakers make final appeal before elections to save the Green Deal
Members of the European Parliament made one last rallying cry to salvage the Green Deal this week, as the bloc’s flagship climate neutrality programme faces an uncertain future with the prospect of a larger far-right presence following upcoming EU elections. Read MoreTop
US rating agency partners with offset platform to launch “highly-rated” carbon credit portfolio
A carbon offset buyer platform will offer a portfolio of credits vetted by a ratings agency to be “highly-rated” as part of a newly formed partnership announced Wednesday. Read MoreTop
EU passes law making carbon tracking obligatory for goods sold in Europe
The European Parliament gave its final green light on Tuesday to new ecodesign rules that will make it mandatory for companies to track and report about the carbon content of products placed on the EU market, alongside a range of other environmental footprint indicators. Read MoreTop
ARB issues smallest volume of offsets in nearly two years
California regulator ARB issued the smallest number of compliance-grade offsets in almost two years, but maintained its year-to-date totals above 2023 levels, data published Wednesday showed. Read MoreTop
